COM1140 - Accounting periods: company accounting periods: superseded APs - late filing penalties

When an AP is superseded, there are two possible penalty positions which give rise to issues on the superseded AP.

The superseded AP may be

• Potentially liable to penalties

• There may have been a penalty determination already charged

In either case COTAX gives a ‘penalty determination’ warning when any of the following occur

• You amend the AP record using Function MAPD (Maintain AP Dates)
• The AP record is automatically amended when a return is logged using Function LRTN (Log Return)
• The AP record is automatically amended when a date of liquidation and type of liquidation is entered in Function ACTP (Amend CT Payer Details)
• The AP record is automatically amended when a date of administration is entered in Function ACTP

Before you take any action you should read the subject ‘Superseded Accounting Periods’ (COM101140) in the ‘Penalties’ business area.

Note: You can view penalty details for Superseded and Superseding APs using the following functions

• Function DAPD (Display AP Details), which includes
• Penalty Stage Reached (potential liability to penalties)
• Penalty Stage Charged (penalties determined)
• Inhibit Penalty Indicator set - Superseding AP
• Function DPEN (Display Penalty Determination) which includes
• Penalty Made and Issue dates
• Penalties Charged

For a list of forms relevant to this subject, see COM1041.

For a list of functions to use in particular situations, see COM1021.

For legislation applying to this subject, see COM1022.